4 February 2020 The ATO will be asking insurance companies for policy information of taxpayers who own luxury assets. The requested information will be used to help the ATO identify taxpayers who may not be fulfilling their tax and reporting obligations. Targeted...
3 February 2020 The Government has released the Board of Taxation’s report into the concessions that are available to small business. The report contains a number of recommendations aimed at improving the tax landscape for small business taxpayers. The major...
29 January 2020 Time is running out to utilise the Government’s $30,000 Instant Asset Write Off Scheme. The scheme, which allows small businesses to write off asset purchases under $30,000, is due to end on June 30. From April 2019, businesses with a turnover of...
28 January 2020 The ATO is once again rolling out a series of free workshops and webinars for small business owners. From February to June, the ATO will be presenting workshops based around the fundamentals of starting and running a small business. Topics include:...
28 January 2020 The ATO is reminding employers who offer car parking fringe benefits to ensure the taxable value is calculated correctly. If you chose to use the market value method to calculate your obligation, you need to engage an arm’s length valuer to...
21 January 2020 MYOB AccountEdge not compatible with Catalina MYOB announced last year that their AccountEdge product was not compatible with the latest version of Apple’s operating system, Catalina. They have now indicated that they are unable to find a suitable...
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